Lake Forest, Calif. — Faris Lee Investments has arranged the $2.5 million sale of a 1,800-square-foot, single-tenant property occupied by Starbucks Coffee in Lake Forest, California.
Morristown, N.J. — The Hampshire Cos., in a joint venture with Seoul, South Korea-based Hana Asset Management Co., has acquired a six-store Walmart Neighborhood Market portfolio in southern Louisiana.
Chicago — Industry veteran David Gorelick, a renowned Simon Property Group and Ralph Lauren Corporation executive, will join Chicago-based Cushman & Wakefield as executive managing director and head of retail for the Americas.
Buford, Ga. — HFF has arranged the sale of Golden Park Village, a 68,738-square-foot shopping center located in the Atlanta suburb of Buford, Georgia.
San Antonio — El Paso-based investment firm Mimco Inc. has acquired 5530 Walzem Road, a 100,000-square-foot shopping center in San Antonio.
Chula Vista, Calif. — HFF has arranged the $42 million sale of Gateway Marketplace, a 127,861-square-foot shopping center located in Chula Vista, roughly nine miles outside San Diego.
San Francisco — The Gymboree Corporation plans to close approximately 350 stores, mainly across the Gymboree and Crazy 8 brands.
Dallas and Denton, Texas — Disney Investment Group (DIG) has arranged the sale of two shopping centers located in Dallas and Denton, Texas.
Random, W.Va. — A joint venture between Heidenberg Properties Group and Strategic Real Estate Partners has purchased The Potomac Marketplace, a 370,000-square-foot shopping center located along Route 9 in Ranson.
Portland, Ore. — Kimco Realty Corp. (NYSE: KIM) has acquired Jantzen Beach Center, a 746,000-square-foot open-air shopping center in Portland, for $131.8 million.